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Tag Archives: Irish Dairy Board

Indicators good for June milk price

Despite  the strong supply situation globally, dairy markets over the past month have shown perceptible improvements and Irish dairy farmers expect that these developments will be reflected in the Irish Dairy Board price index for June. That’s according to Pat McCormack, deputy president and chairperson of ICMSA’s dairy committee. “At this stage, there is strong evidence to suggest that the marketplace has factored in strong global supplies and a number of major market indicators have shown positive moves over the last month – actually, as recently as this week the significant product categories all went up,” said Mr McCormack. “Prices on spot milk markets have improved with the Dutch dairy quotas running close to 4% higher for butter than this time last month, increasing by 3% and WMP remaining stable. In Italy, for instance, according to the newly established Milk Monitoring Observatory (MMO), the spot milk price increased by 10.5% in the last four weeks and in the Netherlands, the spot …

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